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Author Archives: LVB Staff

Inflation rises less than expected in July

Helped by falling gasoline prices, inflation eased a bit in July, giving American consumers some relief from surging costs. However, overall price increases slowed only modestly from the four-decade high of 9.1% recorded in June, according to the Bureau of Labor Statistics' latest Consumer Price Index.

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Mortgage rates slip below 5%

For the first time since April, the 30-year mortgage rate average has fallen under 5%. Freddie Mac’s Primary Mortgage Market Survey, released Thursday, showed the average for a 30-year, fixed-rate mortgage was down to 4.99%.

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